Target Stock Just Lost Over 20%. What Can We Expect From the Stock Going Forward?

I'm a big fan of Target (NYSE: TGT), but it's hard to ignore the pain that was the company's third-quarter results. The retailer reduced its forecast for the year, saw weak traffic even after reducing prices on a lot of items, and faces a challenged consumer base that isn't as inclined to spend on discretionary items the way it was in the past.The result? Shares fell over 20% last week.Target reported earnings that came in well below expectations. The company reported Q3 earnings of $1.35 per share compared to expectations of $2.30, while revenues were a little under estimates of $25.90 billion.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool